Nearly 556 million people around the world have fallen victim to cybercrimes such as computers viruses or email scams over the last twelve months, claimed the latest Norton Cybercrime Report by Symantec on Wednesday, with an average victim believed to be spending over $197 in order to remedy the problem.
Prosecutors in the United States say they have uncovered new evidence indicating that Chinese banks may have assisted Iran in monetary transactions – a direct violation of financial sanctions imposed by the United States.
As part of its global investigations, US prosecutors have in recent weeks identified and taken action against several Wall Street banks for funnelling billions of dollars through their American branches to Iran and other sanctioned nations.
Deutsche Bank has become the first global bank to introduce rules that would allow it to claw back staff bonuses earned at previous companies. While the move is unusual and unprecedented, pay consultants say it could turn into a blueprint for rival banks.
The new rules would apply to unvested stock from previous appointments converted into shares of Deutsche Bank and affect only senior bankers who joined the bank in or after January.
Let’s face it: Although every job bears its own health and personal risks, some jobs are just far more dangerous than others. While many of us enjoy cushy jobs where we sit in an office all day and face a computer screen, others risk life and limb to make a living.
Check out this infographic, which uses data from the U.S. Bureau of Labour Statistics to explore injuries and fatalities in the work place; and find out what is the most deadliest job in America.
Wealthy Americans may donate more money, in absolute dollars, to charity than their less affluent counterparts, but they tend to give away a smaller share of their income as compared to the middle class as well, said a new study by the Chronicle of Philanthropy on Sunday, using tax-deduction data from the Internal Revenue Service.
According to a recent study, obesity may indirectly cost the U.S. economy over $450 billion a year. Furthemore, a recent poll by Gallup also estimated that U.S. businesses lose nearly $113 billion each year due to obese American workers.
By 2030, nearly 42 percent of Americans are expected to be obese, while 86 percent will be overweight. Check out this infographic, which measures the cost of obesity on the U.S. economy, as well as the surprising influence that obesity may have on some businesses.
Bill Gates wants to change how the world uses the toilet; and he’s willing to spend more than $370 million to do so, reported the Associated Press on Tuesday, after the Bill & Melinda Gates Foundation gave out new grants to numerous organisations and scientists, as part of their “Reinvent The Toilet Challenge.”
From celebrities to companies to even countries, spectacular bankruptcies have often intrigued and astounded the public due to the massive amounts of money lost and the sometimes mind-boggling circumstances leading to a bankruptcy filing.
But be it individual or corporate bankruptcies, there are often some main factors that would lead to the suddenly loss of wealth, namely: lack of financial stability on markets worldwide, widespread consumerism, price fluctuation and irresponsibility.
According to a Treasury audit, the Internal Revenue Service may have unwittingly handed out $21 billion to identity thieves who filed fraudulent tax returns for 2011.
While the IRS identified about 1 million false returns and blocked about $6.5 billion in fraudulent refunds in 2011, a new report by the Treasury inspector general for tax administration reveals that as many as 1.5 million additional returns claiming $5.2 billion in fraudulent refunds might have escaped detection.
Warren Buffett, chairman and CEO of Berkshire Hathaway, is one the wealthiest investors and notable philanthropist of our generation. Famous for his value-investing philosophy and frugal living, this infographic presents 10 financial principles we can pick up from Buffett.
